GWM Advisors LLC bought a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 10,504 shares of the company’s stock, valued at approximately $495,000.

Other hedge funds have also made changes to their positions in the company. New England Research & Management Inc. purchased a new position in AMN Healthcare Services during the 1st quarter worth $941,000. State of Tennessee Treasury Department grew its stake in AMN Healthcare Services by 408.6% during the 4th quarter. State of Tennessee Treasury Department now owns 159,155 shares of the company’s stock worth $9,018,000 after buying an additional 127,865 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in AMN Healthcare Services by 70.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 878,835 shares of the company’s stock worth $41,385,000 after buying an additional 362,575 shares during the last quarter. Bremer Trust National Association purchased a new position in AMN Healthcare Services during the 4th quarter worth $93,000. Finally, Legal & General Group Plc grew its stake in AMN Healthcare Services by 0.3% during the 4th quarter. Legal & General Group Plc now owns 110,580 shares of the company’s stock worth $6,259,000 after buying an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 96.78% of the company’s stock.

Several research analysts recently weighed in on AMN shares. Benchmark set a $66.00 target price on AMN Healthcare Services and gave the stock a “buy” rating in a research note on Thursday, March 28th. ValuEngine upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Zacks Investment Research downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. AMN Healthcare Services presently has a consensus rating of “Buy” and an average target price of $65.88.

Shares of AMN opened at $51.58 on Friday. AMN Healthcare Services, Inc. has a one year low of $45.04 and a one year high of $65.81. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.88. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.40 and a beta of 0.85.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.06. AMN Healthcare Services had a return on equity of 24.75% and a net margin of 6.21%. The company had revenue of $532.40 million during the quarter, compared to analysts’ expectations of $525.24 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that AMN Healthcare Services, Inc. will post 2.94 earnings per share for the current year.

In other news, Director R Jeffrey Harris sold 10,490 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.01, for a total value of $545,584.90. Following the completion of the transaction, the director now owns 55,890 shares of the company’s stock, valued at approximately $2,906,838.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew M. Stern sold 4,668 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.09, for a total value of $243,156.12. Following the completion of the transaction, the director now directly owns 4,168 shares of the company’s stock, valued at approximately $217,111.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,084 shares of company stock valued at $4,275,670. 2.07% of the stock is currently owned by insiders.

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AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.

Further Reading: Asset Allocation and Your Retirement

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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